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It includes food and housing/shelter. But it's important to distinguish between a house and housing. A house is a capital good that provides housing/shelter.
by JamesBarney 5y ago
It includes food and housing/shelter.
But it's important to distinguish between a house and housing.
A house is a capital good that provides housing/shelter. So if the prices of houses got really expensive but rent stayed the same that wouldn't show up as inflation.